[ferro-alloys.com]On last Friday, the LME nickel price started rising. By the end of trading, the LME nickel was quoted at 13510 USD/T. It was 160 USD/T higher than the price on last Thursday. The trade war between China and U.S is becoming more and more serious. Chinese government announced the counter measures. The traders were worried in the market. Although the LME nickel rose up, parts of nickel production prices went down in the morning. Compared to Wuxi 1808 contract, the premium of Russian nickel was 100 RMB/T, and the premium of Jinchuan nickel was 1400 RMB/T. Today, Jinchuan quoted its electrolytic nickel (big board) at 111800 RMB/T. It was 300 RMB/T higher than the price on last Friday. 

Today, the 201 series stainless steel prices went down，and the low grade ferronickel price declined today. The output of high grade ferronickel was still restricted, and the supply was insufficient. Maybe the environmental protection inspection will be normalized, the restriction of high grade ferronickel output may become normalization. Today, the high grade ferronickel market kept steady,  the price was 1070-1090 RMB/Nickel. The low grade ferronickel price was 3250-3350 RMB/T today. It was lower than the price on last Friday.

• [Editor:王可]